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"The object of the modern bankruptcy code, as contained in the Bankruptcy Act 1914 and the Deeds of Arrangement Act 1914, is the preservation of credit."
per Cooke, RM. The Foundations of the Law of Bankruptcy. University of Manchester, LL.M. thesis, 1924.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...